CRANBURY, N.J.–(BUSINESS WIRE)–Experic, a contract development and manufacturing organization (CDMO/CMO) and clinical supply services company serving the pharmaceutical industry, today announced that its board of directors has named David Wood as chairman and chief executive officer.
“We are thrilled to have Dave accept this leadership role at Experic,” said Tom Weller, Experic board member and CEO of Harro Höfliger. “He brings the right mix of industry experience and strategic thinking to help take the company to its next phase of growth.”
Industry veteran Wood brings more than 30 years of diverse experience in life science companies, including contact manufacturing organizations (CMOs). He has led organizations and teams that achieved transformative levels of growth in revenue and profitability at companies including Captek Softgel International, Catalent Pharma Solutions, Cardinal Health PTS and Becton Dickinson.
Wood succeeds Jeffrey McMullen, one of the founders and previous chairman and CEO of Experic. An experienced senior executive, McMullen took the helm of Experic in early 2019 to serve on an interim basis after the untimely passing of the previous executive managing the company.
McMullen added, “As a co-founder and a significant investor in Experic, I am confident that I am leaving the organization in good hands under Dave’s leadership, and combined with our talented management team, Experic will continue to distinguish itself in the industry.”
“I am excited to work with the talented Experic team and impressed with their dedication to serving clients,” said Wood. “Combined with a great facility and capabilities, Experic is an organization that brings expertise and value to its pharmaceutical clients as they race to address the challenges of product development and commercialization.”
Experic, a contract manufacturing organization (CMO) and pharmaceutical supply services company, supports every phase of a product’s life cycle from conception to clinical and commercial scale, across a range of dosing and packaging formats, including tablets, pellets, capsules and low dose dry powder inhalation. From our state-of-the-art, Class A cGMP facility, we manage global delivery of the highest quality products, even for expedited projects, while providing unparalleled knowledge, expertise and customer service. Learn more about our manufacturing and supply services at expericservices.com.